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CP

Covalent Partners Portfolio holdings

AUM $17.6M
1-Year Est. Return 2.91%
This Fund
S&P 500
This Quarter Est. Return
+7.78%
1 Year Est. Return
+2.91%
3 Year Est. Return
+36.56%
5 Year Est. Return
+67.28%
10 Year Est. Return
+115.1%
AUM
$11.8M
AUM Growth
+$4.31M
Cap. Flow
+$1.37M
Cap. Flow %
11.65%
Top 10 Hldgs %
100%
Holding
12
New
1
Increased
1
Reduced
1
Closed
1

Top Buys

Rank Stock Value
1
LGIH icon
LGI Homes
LGIH
+$2.36M
2
SEAT icon
Vivid Seats
SEAT
+$683K

Top Sells

Rank Stock Value
1
CNK icon
Cinemark Holdings
CNK
+$1.27M
2
ALTG icon
Alta Equipment Group
ALTG
+$402K

Sector Composition

Rank Sector Weight
1 Communication Services 31.86%
2 Consumer Discretionary 22.71%
3 Energy 13.64%
4 Industrials 0%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
LGIH icon
1
LGI Homes
LGIH
$1.35B
$2.65M 22.53%
+22,400
New +$2.36M
CNK icon
2
Cinemark Holdings
CNK
$4.45B
$2.37M 20.08%
85,000
-50,000
-37% -$1.27M
SEAT icon
3
Vivid Seats
SEAT
$78.7M
$1.39M 11.78%
18,750
+7,500
+67% +$683K
CRC icon
4
California Resources
CRC
$4.65B
$996K 8.45%
18,974
– –
NE icon
5
Noble Corp
NE
$7.34B
$612K 5.19%
16,931
– –
THCH icon
6
TH International
THCH
$36.8M
$21.2K 0.18%
5,242
– –
EVTL.WS
7
DELISTED
Vertical Aerospace Ltd. Warrants, each whole warrant exercisable for 1/10th of an ordinary share at an exercise price of $115.00 per share
EVTL.WS
$3.02K 0.03%
164,100
– –
ECXWW
8
ECARX Holdings Warrants
ECXWW
$1.19M
$1.6K 0.01%
75,000
– –
AEAEW
9
DELISTED
AltEnergy Acquisition Corp Warrant
AEAEW
$252 ﹤0.01%
22,500
– –
ALTG icon
10
Alta Equipment Group
ALTG
$208M
– –
-50,000
Closed -$402K

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Covalent Partners's Q3 2024 Portfolio in Review

As of Q3 2024, Covalent Partners held 12 positions worth $11.8M, up 58% from $7.47M the previous quarter. Its ten largest holdings account for 100% of the portfolio.

Covalent Partners deployed $1.37M of net new capital in Q3 2024, opening 1 new position and adding to 1 existing holding. Its largest new stake was LGI Homes: 22,400 shares worth $2.65M.

By sector, the portfolio is most concentrated in Communication Services at 32% of assets, down from 56% a quarter earlier, followed by Consumer Discretionary and Energy.

On the sell side, the largest reduction was Cinemark Holdings, an estimated $1.27M trimmed.

  • Covalent Partners's largest Q3 2024 buy was LGI Homes: 22,400 shares worth $2.65M.
  • Covalent Partners added most to Vivid Seats in Q3 2024, an estimated $683K increase.
  • Covalent Partners's biggest Q3 2024 reduction was Cinemark Holdings, cutting an estimated $1.27M.
  • Covalent Partners fully exited Alta Equipment Group in Q3 2024, selling an estimated $402K.
  • Covalent Partners's ten largest holdings make up 100% of its $11.8M portfolio in Q3 2024.
  • Covalent Partners opened 1 new position and closed 1 in Q3 2024.
  • Covalent Partners's portfolio value rose 58% quarter-over-quarter to $11.8M.

Based on Covalent Partners's 13F filing for Q3 2024, filed 14 Nov 2024.